Regulatory Alerts2025-04-04
Circular No. 129
The Central Bank of Haiti issues Circular No. 129 to mandate comprehensive preventive measures against money laundering, terrorist financing, and proliferation financing for all designated financial institutions. The circular requires institutions to implement a board-approved prevention program featuring risk assessments, internal controls, independent audits, ongoing staff training, and strict customer due diligence and identification procedures. It further obligates institutions to centralize client data, appoint a senior compliance officer, report suspicious transactions to the Financial Intelligence Unit, and apply enhanced scrutiny to high-risk clients, correspondent relationships, and cross-border fund transfers.
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